Foreign Telegraphic Bank Transfer (Credit to Account)

One of the safest and inexpensive way of sending money to the Philippines is through telegraphic bank transfer from a foreign bank to a Philippine bank. The basic information you need are the following: (1) Name and Bank Account number of your beneficiary, and (2) Philippine Bank's Swift Code. Your recipient in the Philippines must have an active bank account. Some Philippine banks offer accounts for beneficiaries of foreign remittances that, except for some promotional privileges, are very similar to a regular...